Common use of Annual Medical Premium Increases and Increases to Cafeteria Plan Benefit Clause in Contracts

Annual Medical Premium Increases and Increases to Cafeteria Plan Benefit. Annual increases to the PERS medical insurance premiums in subsequent years will not be paid by the District as an employer premium contribution to PERS. Annual increases to the medical insurance premiums for Bay Area HMO plans will result in the following adjustments to the District’s Cafeteria Plan Benefit. The District will increase the dollar amount of its Cafeteria Plan Benefit so that the Cafeteria Plan Benefit is increased to an amount that when added to the fixed employer contribution and the employee direct contribution equals 100% for the Bay Area HMO premium for the selected coverage level. Employees who select a medical insurance plan other than a Bay Area HMO (i.e. a plan more expensive than a Bay Area HMO) will receive a Cafeteria Plan Benefit equal to the benefit received by employees who have selected the same coverage level in the highest cost Bay Area HMO. If, during the term of this Agreement only, the District provides an employee group more favorable terms concerning health insurance premiums or the PERS retirement plan contributions, the District will oRer the same favorable terms to ATU Local 1574. The change will be eRective as soon as the District obtains PERS and Board approval.

Appears in 1 contract

Samples: Agreement

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Annual Medical Premium Increases and Increases to Cafeteria Plan Benefit. Annual increases to the PERS medical insurance premiums in subsequent years will not be paid by the District as an employer premium contribution to PERSPERS . Annual increases to the medical insurance premiums for Bay Area HMO plans will result in the following adjustments to the District’s Cafeteria Plan BenefitBenefit . The District will increase the dollar amount of its Cafeteria Plan Benefit so that the Cafeteria Plan Benefit is increased to an amount that when added to the fixed employer contribution and the employee direct contribution equals 100% for the Bay Area HMO premium for the selected coverage levellevel . Employees who select a medical insurance plan other than a Bay Area HMO (i.e. i .e . a plan more expensive than a Bay Area HMO) will receive a Cafeteria Plan Benefit equal to the benefit received by employees who have selected the same coverage level in the highest cost Bay Area HMOHMO . If, during the term of this Agreement only, the District provides an employee group more favorable terms concerning health insurance premiums or the PERS retirement plan contributions, the District will oRer offer the same favorable terms to ATU Local 15741574 . The change will be eRective effective as soon as the District obtains PERS and Board approvalapproval .

Appears in 1 contract

Samples: Agreement

Annual Medical Premium Increases and Increases to Cafeteria Plan Benefit. Annual increases to the PERS medical insurance premiums in subsequent years will not be paid by the District as an employer premium contribution to PERS. Annual increases to the medical insurance premiums for Bay Area HMO plans will result in the following adjustments to the District’s 's Cafeteria Plan Benefit. The District will increase the dollar amount of its Cafeteria Plan Benefit so that the Cafeteria Plan Benefit is increased to an amount that when added to the fixed employer contribution and the employee direct contribution equals one hundred percent (100% %) for the Bay Area HMO premium for the selected coverage level. Employees who select a medical insurance plan other than a Bay Area HMO (i.e. a plan more expensive than a Bay Area HMO) will receive a Cafeteria Plan Benefit equal to the benefit received by employees who have selected the same coverage level in the highest cost Bay Area HMO. If, during the term of this Agreement only, the District provides an employee group more favorable terms concerning health insurance premiums makes improvements to the pension or medical benefits of the PERS retirement plan contributionsnon- represented employees, the District members of this bargaining unit will oRer receive the same favorable terms to ATU Local 1574. The change will be eRective as soon as the District obtains PERS and Board approvalimprovements.

Appears in 1 contract

Samples: Labor Agreement

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Annual Medical Premium Increases and Increases to Cafeteria Plan Benefit. Annual increases to the PERS medical insurance premiums in subsequent years will not be paid by the District as an employer premium contribution to PERS. Annual increases to the medical insurance premiums for Bay Area HMO plans will result in the following adjustments to the District’s 's Cafeteria Plan Benefit. The District will increase the dollar amount of its Cafeteria Plan Benefit so that the Cafeteria Plan Benefit is increased to an amount that when added to the fixed employer contribution and the employee direct contribution equals one hundred percent (100% %) for the Bay Area HMO premium for the selected coverage level. Employees who select a medical insurance plan other than a Bay Area HMO (i.e. a plan more expensive than a Bay Area HMO) will receive a Cafeteria Plan Benefit equal to the benefit received by employees who have selected the same coverage level in the highest cost Bay Area HMO. If, during the term of this Agreement only, the District provides an employee group more favorable terms concerning health insurance premiums makes improvements to the pension or medical benefits of the PERS retirement plan contributionsnon-represented employees, the District members of this bargaining unit will oRer receive the same favorable terms to ATU Local 1574. The change will be eRective as soon as the District obtains PERS and Board approvalimprovements.

Appears in 1 contract

Samples: Labor Agreement

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